cyzer said
Misel are you happy with Payoneer ? can you tell the sums that you withdraw and how much money do you loose ? I am planning to withdraw for the first time and I am thinking which method to choose.

thinking about to withdraw 700 – 1000$

If you don’t want to talk publicly could you email me about your time while using it?

I´ve read about locking cards not used for 60 days. I frequently charge my account from my paypal account, but I plan to use my card when I will travel (next March). Maybe my card is locked? If yes, do I have to do some action?

If your Payoneer account is entirely inactive for an extended period of time, we may disable your card (mainly for security reasons). Your Payoneer account remains active, however, and you can continue to receive payments.

You can then sign into your Payoneer account at any time and automatically enable the card, free of charge (and within minutes).

I hope you are still reading this and can help me clarify a few things.

I’ve looked at the Payoneer fee structures (“MasterCard Card Pricing and Fees”, and “Withdrawal rates”), but I am still a bit confused. The only thing I know for sure is that the Payoneer Master Card will cost me about US$30 per year.

So…
I live in the UK and have a GBP bank account. Let’s say I have $1000 to be paid out by Envato. What are the overall fees I’ll have to pay whilst the money is being moved onto my UK bank account?

1) Envato pays me $1000 into my Payoneer Account. How much will Payoneer charge me for this? And is there any price/fee difference between having it paid out as GLOBAL BANK TRANSFER or as PREPAID MASTERCARD® CARD ?

2) Once the money is in my Payoneer Account, I can then transfer it to my local GBP bank account. The fee for that is up to 2.75% above mid-market exchange rates. Is that correct?

Even if the transaction is USD you still get charged 3%. It’s NOT the conversion fee but a cross-border fee, imposed by Mastercard. Since a bank (your card’s issuing bank) behind payoneer is offshore any transaction in a major country is basically subject to this fee, which % may vary. If your ATM asks whether or not to charge in USD or your local currency choose your local currency, as Mastercard conversion is usually lower than the payment processor’s (bank the ATM belongs to). If you still transact in USD and look at the receipt, a larger amount will be removed from your payoneer account, due to the cross border fee.

Sure, but at what point does Payoneer charge?
I mean: If I have USD 1000 earnings in my Envato account and request a payout to my Payoneer account: Will my Payoneer account read “USD 1000”? Or will there be a fee charged by Payoneer?

At a LATER point, of course, they’ll charge for conversion rates, or for using the Payoneer Master Card.

I just want to avoid being charged twice (i.e. when money goes INTO my Payoneer account, and again when it LEAVES my Payoneer account).

As mentioned above, it’s always recommended to withdraw in your local currency. When you choose an alternate currency offered by the ATM, what happens is that they make a double conversion. This means that they first make a transaction behind the scenes in a local currency (a conversion is made) and then convert that back to the currency you selected – so you pay double conversion charges.

I hope you are still reading this and can help me clarify a few things.

I’ve looked at the Payoneer fee structures (“MasterCard Card Pricing and Fees”, and “Withdrawal rates”), but I am still a bit confused. The only thing I know for sure is that the Payoneer Master Card will cost me about US$30 per year.

So…
I live in the UK and have a GBP bank account. Let’s say I have $1000 to be paid out by Envato. What are the overall fees I’ll have to pay whilst the money is being moved onto my UK bank account?

When you sign up for Payoneer you have two choices:

1) Receive payments directly to your bank account, with no option of using the Payoneer card.

For this, just choose the Global Bank Transfer Service option when applying (receive payments directly to your bank account). There is no maintenance fee here, no annual fee, no setup costs.. you pay only $3.00 per transfer to your UK bank account. We send funds in GBP, using rates of only 2% above the official mid-market rate at the time of transfer. This is among the best rates you will receive from online payment methods.

2) Sign up for a Payoneer account and also receive a Prepaid Debit MasterCard card

In this option, there is an annual or monthly fee (depending on where you sign up, whether it be from the Payoneer website or directly from Envato). The exact fees will be shown during the sign up proces.

The way it works is that payments from Envato will be sent to your Payoneer account. From there, you can either use your Payoneer card to make purchases, or withdraw to your local bank account. In this case, there is no flat fee for the bank withdrawal, and we will convert funds to GBP using the same rates I mentioned above.